Shopping trips set to fuel an economic rebound
Britain is set for a “sharp snap back” in spending by shoppers as restrictions ease, according to experts at Deloitte.
The firm found “going to a shop” topped the list of leisure activities people are most likely to do after lockdown.
Consumer confidence increased at the fastest rate in a decade in the first three months of 2021, according to Deloitte’s survey of 3,000 adults between 19 and 22 March.
The survey found that six out of 10 people said they planned to return to the shops within a month of restrictions lifting.
Ian Stewart, chief economist at Deloitte, said: “The UK is primed for a sharp snap back in consumer activity.
“High levels of saving, the successful vaccination rollout and the easing of the lockdown set the stage for a surge in spending over the coming months.”
Source: https://www.bbc.co.uk/news/business-56885457


